Budget Amendment ID: FY2016-S3-494

ECO 494

Working Cities Grants

Ms. O'Connor Ives, Messrs. McGee, Lewis and Humason moved that the proposed new text be amended in section 2, by inserting after item 7002-1075 the following item:-

"7002-1506 For competitive technical assistance grants to be administered by the executive office of housing and economic development, in coordination with the Federal Reserve Bank of Boston, to provide multi-year support to initiatives that advance cross-sector collaboration among the public, private and non-profit sectors; provided, that, in order to qualify for funding, a project proposal shall catalyze and accelerate initiatives that create new or stronger working relationships between key institutions, agencies, organizations and businesses within municipalities with: (a) a population of greater than 35,000 and less than 250,000; (b) a median family income that is below the median of those similarly-sized municipalities; and (c) a median poverty rate that is above the median for those similarly-sized municipalities; provided further, that the Federal Reserve Bank of Boston shall identify additional program eligibility requirements; and provided further, that the private sector and other institutions shall contribute to this program an amount that is at least equal to the total state appropriation for this program....................................................$500,000"